Key Takeaways:
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Bitcoin short-term holders are back in profit, increasing chances for a rally to $100,000.
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Long-term holders added 363,000 BTC since February, with new buyers injecting capital in April.
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Bitcoin sell pressure risk exists at $97,000, where 392,000 BTC could be sold.
Bitcoin’s (BTC) surge above $91,700 on April 22 pushed its value above the short-term realized price or cost basis. This implies that a majority of short-term holders (STHs) are currently back in profit.
STHs…
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